The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 4/19/2024 -
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A.O. Smith (AOS) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :The price has risen above the Parabolic SAR
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It was the negative week for the A.O. Smith (AOS). During the week, the AOS gave back -0.43 points, or -0.50%, and closed at 86.07 on Friday, April 19, 2024. Weekly volume was 21% above average.

AOS is a member of Industrials Sector. Industrials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AOS long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 46.58 and reached 89.96 on March 21, 2024. AOS gained -43.38 points, or -93.13%, in 75 weeks. The price is now at the 8.97% retracement level.

Medium-term trend: [See AOS medium-term trend chart]
A medium-term uptrend had started on September 25, 2023 at 64.14 and reached 89.96 on March 21, 2024. AOS gained -25.82 points, or -40.26%, in 25 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 83.67 and resistance is at 92.81. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AOS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AOS short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 84.61 and reached 87.93 on April 18, 2024. AOS gained -3.32 points, or -3.92%, in 2 days. The price is now at the 56.02% retracement level.

Daily Technical Indicators: [See AOS daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 1, 2024.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.33
Williams' Percentage Range (W%R) 50.90
Lane's Stochastic (%D-Slow) 46.22
Greed/Fear Indicator (GFI) 42.88
Moving Average Converg./Diverg. (MACD) 0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.48
Williams' Percentage Range (W%R) 20.30
Lane's Stochastic (%D-Slow) 80.63
Overbought
Greed/Fear Indicator (GFI) 71.98
Moving Average Converg./Diverg. (MACD) 3.58
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 92.81
Upper Bollinger Band 89.17
Weekly Stochastic Crossing 87.88
20 Day Moving Average 87.29
Price 86.07
Daily Stochastic Crossing 86.02
50 Day Moving Average 85.04
Parabolic System 84.11
Lower Bollinger Band 83.86
Quarterly Trendline Support 83.67
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Building Products 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.61
Low Date 04/16/2024
High 87.93
High Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 84.61
Low Date 04/16/2024
High 87.93
High Date 04/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.96
High Date 03/21/2024
Low 83.87
Low Date 04/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 92.81
Support 83.67
Low 64.14
Low Date 09/25/2023
High 89.96
High Date 03/21/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.58
Low Date 10/13/2022
High 89.96
High Date 03/21/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.